Finally, Name Your Own Price for Real Estate

A recent big announcement could change the way real estate is bought and [tag-ice Zillow]sold[/tag-ice]. That’s [tag]Zillow’s[/tag] new service allowing homeowners and real estate [tag-tec real estate ] agents[/tag-tec] to advertise for-sale properties for free.

A recent big announcement could change the way real estate is bought and [tag-ice Zillow]sold[/tag-ice]. That’s Zillow’s new service allowing homeowners and real estate [tag-tec real estate ] agents[/tag-tec] to advertise for-sale properties for free.

“Make Me Move” is a means for homeowners to throw out a price and see if anyone makes an offer. It’s a flirty, no commitment answer that could have the potential to motivate very large sums of money much faster and more efficiently.

What does that mean for sluggish markets? It could make the difference in getting a sale in real time as opposed to having a moth-balled property sitting on the market for months.

So is this radical for real estate or what? Well, when you consider this is an industry that has controlled information almost as strictly as the CIA, yes.

What does it really mean for investors?

That old argument over the MLS book may be outdated. In fact, could MLS become a thing of the past? That’s an interesting question. Now there’s a free flow of information which gives buyers and sellers another way to interconnect. Who knows, they may like it better.

One thing is sure and certain. Something big has changed. And for the better.